QualityDipStocks / Finance · Property-Casualty Insurers
Ategrity Specialty Insurance Company ASIC
Outside our quality screen, so we don’t track its dips. It’s 15% below its 52-week high.
Outside our quality screen, trading well below our fair value estimate.
- Fair value est.
- $38.16+57%
- Market Value
- $23.90price +2%
- Off 52-wk high
- −15%
- Risk vs market
- Lowbeta 0.16
52-week range 62% of the way from its 52-week low to its high
Price $24.30Fair value est. $38.16Market Value $23.90
5 bullish · 3 bearish See why
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk high: P/E 13.4×; now: P/E 10.9×.
| High | Now | |
|---|---|---|
| Price | $28.66Sep 15 | $24.30 |
| P/E | 13.4× | 10.9× |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Banks, insurers and lenders: cash flow includes deposits and loans, so a cash-flow model doesn't fit; we show P/E at each point instead. P/E = that day's close × diluted shares / 12-month net income, using only the filings that were public on that day.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Financials model (residual income). Same residual-income model as the base: cost of equity 9.5% ±1 point and return on equity 17.5% ±2 points. Bear = 10.5% and 15.5%; bull = 8.5% and 19.5%. A model estimate from public filings, not a forecast of where the price will go.
Price is below even the bear case.
What the price implies To be worth today’s price, ASIC would need a return on equity of about 14% a year; our estimate uses 18%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much ASIC moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 3.7× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.16
- Volatility
- 48% vs 13% SPY
- Correlation SPY
- 0.04
- Correlation QQQ
- −0.04
How it ranks
Where ASIC stands vs every one of the 2,467 stocks we cover that has the number. Longer bar = better.
Top quarter on 2 of 3 measures
- Discount to fair value estimate57% · price below our base caseTop 20%of 1,507
- Dividends + buybacks yield0% · cash paid out or used to retire shares, vs market capLowest 1%of 2,227
- Revenue growth, last 12 months+37% · vs the 12 months beforeTop 11%of 2,184
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $38.16 · MV $23.90
Financials model (residual income): book value $13.80 a share on Jun 30, 2026, plus the earnings above a 9.5% cost of equity. ROE 17.5% for the trailing 12 months to Jun 30, 2026, on average common equity; payout 0% of earnings (dividends 0%), so book grows by the retained rest; the return above 9.5% fades halfway toward 9.5% over 10 years, then grows at 3% (terminal value). From the 10-Q filed Aug 13, 2026.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ValuationOur residual-income fair value estimate is $38.16, 57% above the price.
GrowthSales grew 37% to $517M over the last 12 months vs the 12 months before (SEC filings).
GrowthSales compounded 23% a year from FY2024 to FY2025.
GrowthDiluted EPS grew 23% to $1.58 in FY2025.
ProfitabilityReturn on equity of 17% over the last 12 months.
Top bearish points 3 of 5
Cash returnsShare count up 14.4% in a year: existing holders are being diluted.
ValuationPrice / book of 1.8×, above the 1.6× median for the 368 Finance companies we cover.
QualityDoesn’t pass our quality screen: no cash-flow data.
All fundamentals
P/E 10.9 · ROE 17% · Sales +37%
Valuation
- P/E
- 10.9×Finance median 13.3×
- Price / FCF
- n/acash flow isn't a clean measure for an insurer
- FCF yield
- n/acash flow isn't a clean measure for an insurer
- EV / EBITDA
- n/anot meaningful for an insurer
- Price / sales
- 2.25×
- Price / book
- 1.75×
- Market cap
- $1.2Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $517M
- Sales growth, 12 months
- +36.6%vs the 12 months before
- Sales growth, 3 yrs
- +23.4%/yrfrom FY2024
- Diluted EPS, 12 months
- $2.16
- EPS growth, last FY
- +23.4%
- Net income, 12 months
- $107M
- Net income growth
- +80%12 months vs before
Profitability
- Gross margin
- n/anot meaningful for an insurer
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 20.7%
- FCF margin
- 33.5%
- Return on equity
- 17%
- Return on invested capital
- n/anot meaningful for an insurer
Balance sheet
- Cash & short-term inv.
- $33M
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/anot meaningful for an insurer
- Debt / equity
- n/adeposits/float make debt/equity not comparable for an insurer
- Interest coverage
- n/anot meaningful for an insurer
Cash flow & returns
- Free cash flow, 12 months
- $173M
- FCF growth, 12 months
- +61%
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- $0
- Share count, 1 year
- +14.4%diluted shares vs a year ago
- Stock-based comp
- $940,000
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Ategrity Specialty Insurance Company’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
Sales +8%
- Return on equity16%
- Sales growth (latest quarter vs year-ago quarter)+8%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $24.30
- 52-wk lowlowest close, 1 year$17.10−29.6%
- Market Valueavg paid since Oct 21$23.90−1.6%
- PriceMon Nov 2 close$24.30you are here
- 52-wk highhighest close, 1 year$28.66+17.9%
- Fair value est.base case$38.16+57.0%
Momentum & 52-week range
RSI 43 · 5 days +1.6%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
ASIC is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Ategrity Specialty Insurance Company in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 5:14 PM ET.
Compare with peers
Closest in size in Property-Casualty Insurers
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.